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Nov 13, 2012
11/12
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look at speaker boehner, he's showing that we need to show leadership. we have to work with the president. they have the message and they'll respond appropriately and you'll see. >> that's very optimistic. i think, i degree with armstrong, the next few weeks whether they got the message or not. we have this big issue coming up with all of these fiscal issues and boehner a year and a half ago, when this came up the last time, he was basically whipped by the tea party wing of his party. so, the real question is, whether he's able to go back to that tea party link and say what armstrong just said, work with the president, some degree on compromise on taxes and raising revenues. i think it's an open question whether he can do that and whether he can succeed in doing that. >> gentlemen, thanks so much. i appreciate your time today. >>> stick around. up next, i got actor and activist ally sheedy waiting in the wings. she'll be with me in a second. >>> welcome back. tens of thousands are still in the dark after hurricane sandy. power crews in new york and new j
look at speaker boehner, he's showing that we need to show leadership. we have to work with the president. they have the message and they'll respond appropriately and you'll see. >> that's very optimistic. i think, i degree with armstrong, the next few weeks whether they got the message or not. we have this big issue coming up with all of these fiscal issues and boehner a year and a half ago, when this came up the last time, he was basically whipped by the tea party wing of his party. so,...
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Nov 11, 2012
11/12
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CNNW
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i think one of the difficulties is speaker boehner is in a tough spot. he's got about a third of his caucus that ran as tea party candidates or tea party supported and part of their agenda was no compromise. you're finding out that you can't govern that way and so he's got to figure out a way to bring them along as he deals with the president on the other side. but i think it can be done. there is good faith and goodwill that make it possible even when there is strong disagreement. >> so then as it pertains to boehner, do you feel like he is receiving greater pressure from the caucuses, as you just described, or greater pressure from the electorate? because in boehner's message on friday, he did say, quote, the american people re-elected a republican majority but at the same time, i guess you can't have it both ways because we are looking at electorate, a popular vote who wanted the president to be here, they want the two sides to work together? >> i think the election problem helps him in terms of his caucus, that is to say, it's a pretty sobering reali
i think one of the difficulties is speaker boehner is in a tough spot. he's got about a third of his caucus that ran as tea party candidates or tea party supported and part of their agenda was no compromise. you're finding out that you can't govern that way and so he's got to figure out a way to bring them along as he deals with the president on the other side. but i think it can be done. there is good faith and goodwill that make it possible even when there is strong disagreement. >> so...
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Nov 14, 2012
11/12
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the increase of the president is double the amount that speaker boehner offered last year and many top republicans say the government should not be raising taxes on everyone. gerri willis is with us, in other than bill kristol said this will not kill us. he pointed out under president reagan taxes on the rich were 50 percent and that was the highest tax rate and we did well. >>gerri: what bill kristol said we would be okay if we raised taxes on people would on the other hand $1 million or more but not specifically addressing what the president said which is raising taxes on people who earn $250,000 or more which is opposed by some democrats here in new york city. >>shepard: no one wants to pay more taxes. what the president is doing he is not saying $250,000, to observers it sounds as if he is ready for compromise. he said he is ready for compromise. >>gerri: and today he met with a dozen corporate leaders from the biggest corporations, walmart, g.e. and chevron, at least six of them in the meeting today have already served on either the president's jobs council or other councils the p
the increase of the president is double the amount that speaker boehner offered last year and many top republicans say the government should not be raising taxes on everyone. gerri willis is with us, in other than bill kristol said this will not kill us. he pointed out under president reagan taxes on the rich were 50 percent and that was the highest tax rate and we did well. >>gerri: what bill kristol said we would be okay if we raised taxes on people would on the other hand $1 million or...
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Nov 19, 2012
11/12
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KCSM
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. >> boehner as a caucus that has dug in its heels on any kind of compromise. the picture of the john boehner, this cartoon character, holding a football, saying to president obama, "trust me it." >> you know, there was an election on november 6, and the democrats did not do that badly. who gives here? >> everybody has got to give. >> you say it and say and say, but you cannot tax your way out of this debt and you cannot slash expenses and get out of this and get rid you have got to do both. >> someone gradually. >> president seems to be offering a two-for-one deal, for every $1 of tax increase, he will cut taxes by two dollars. simpson-bowles wanted a one-to-3 ratio. publicans 10. -- republicans want zero. >> business community does not want us to go over the cliff. >> what the republicans amenable to increases in taxes -- >> use the word "revenue." >> you had nancy pelosi taking the position -- $1 million, not $250,000. john mccain has suggested make it $500,000. that is where the movement is going to come, with that number. >> is there a deal in the works be
. >> boehner as a caucus that has dug in its heels on any kind of compromise. the picture of the john boehner, this cartoon character, holding a football, saying to president obama, "trust me it." >> you know, there was an election on november 6, and the democrats did not do that badly. who gives here? >> everybody has got to give. >> you say it and say and say, but you cannot tax your way out of this debt and you cannot slash expenses and get out of this and...
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Nov 10, 2012
11/12
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FOXNEWS
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earlier this week house speaker john boehner offered his position. this afternoon it was the president's turn. they have got some ground to cover to get a deal done. the white house says americans voted tuesday for tax increases on the wealthy. boehner says he is open to more revenue from taxpayers if it's part of an overhaul to the entire tax code. there are way to get this done. it's likely going to take weeks of high level negligencations and they begin at the white white house next w, harris. >> harris: what is this doing to the markets our 401(k)'s? >> u.s. markets just wrapped worst week since june. much of it because of concerns about the fiscal cliff. it takes half a trillion dollars out of the economy next year alone through spending cuts and tax increases. analysts say it would likely lead to another recession. today, the major indices managed only slight gain. the dow jones industrial average rose 4. the nasdaq settled up 9. the s&p increased 2. all three dropped at least 2% for the week. harris? >> harris: rich edson, thank you very much.
earlier this week house speaker john boehner offered his position. this afternoon it was the president's turn. they have got some ground to cover to get a deal done. the white house says americans voted tuesday for tax increases on the wealthy. boehner says he is open to more revenue from taxpayers if it's part of an overhaul to the entire tax code. there are way to get this done. it's likely going to take weeks of high level negligencations and they begin at the white white house next w,...
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Nov 18, 2012
11/12
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WJLA
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i saw a picture of john boehner, this cartoon holdingter, john ehner the football and saying to me."a "trust >> there was an election on november 6 and the democrats did the parade who gis here? -- did not do that at e. who gives here? >> everybody has to giveve. >> it is true. of cannot tax your way out cannot slash you out of this get debt. you have to do both. >> gradually. >>>> the president seems to be deal -- a two-for-one every $1 of tax increase, he expenses by $2. . 1-2-3on-bowles had a ratio. republicans want zero. >> the business community does want us to go over the cliff. >> if he uses different -- orage, whether their republicans amenable to an increase in taxes -- >> use the word "revenue." >> you have e an nancy pelosi taking the position that it $1 million, not $250,000. said make itas $500,000. movement ise the going to come. >> we are nibbling at the edges. know, but that is where comes.ement >> i is there a deal behind clod doors that that we don't know about? i don't think so. posturing at this point. >> the tea party is not as was.g as it the memberswho came bac
i saw a picture of john boehner, this cartoon holdingter, john ehner the football and saying to me."a "trust >> there was an election on november 6 and the democrats did the parade who gis here? -- did not do that at e. who gives here? >> everybody has to giveve. >> it is true. of cannot tax your way out cannot slash you out of this get debt. you have to do both. >> gradually. >>>> the president seems to be deal -- a two-for-one every $1 of tax...
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Nov 12, 2012
11/12
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how much does boehner speak for his conference, by the way? how much leeway does he have to cut a deal that might anger some conservatives? this weekend there were signs of softening among conservatives on the issue of taxes. here is "the weekly standard questions bill kristol sunday. >> it won't kill the country if we raise tax as little bit on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000, make it a million. the republican party is going to defend a bunch of millionaires, half who voted democratic and hatch live in hollywood. >> although tom price who is running to lead the house republican conference said sunday he is open to closing some tax loopholes, he did buck boehner on the issue of health care. >> question, do most house republicans, do you agree with speaker boehner that repeal of obama care with this election, with his re-election, is debt? >> we're not opposed to the president's health care law because of the election. we're opposed because it's bad policy and
how much does boehner speak for his conference, by the way? how much leeway does he have to cut a deal that might anger some conservatives? this weekend there were signs of softening among conservatives on the issue of taxes. here is "the weekly standard questions bill kristol sunday. >> it won't kill the country if we raise tax as little bit on millionaires. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000, make it a million....
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Nov 17, 2012
11/12
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why did obama double the revenue target from 800 billion that he wanted in negotiation weise boehner, in 2011, why did he had less access. i think the question is billion than he was looking for before. this gives him a better starting point. i do think that both sides are going to try to work something out before the end of the year because they are all worried about the impact on the economy, not just in jab, but right now while you're watching the stock market and others negatively react to the fact that they are fearing this fiscal cliff. >> he must have known that this 1.6 trillion is a far more realistic number in the objectives. why didn't he mention >>> president obama will nominate susan rice as secretary of state. >> nope, he will back down. >> he won't back down. >> he will back down and not nominate her. >> he will
why did obama double the revenue target from 800 billion that he wanted in negotiation weise boehner, in 2011, why did he had less access. i think the question is billion than he was looking for before. this gives him a better starting point. i do think that both sides are going to try to work something out before the end of the year because they are all worried about the impact on the economy, not just in jab, but right now while you're watching the stock market and others negatively react to...
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Nov 12, 2012
11/12
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WBAL
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boehner and the president were close to a deal last year. the so called grand bargain, $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and the government that has grown massively, not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness growing both in the markets and in corporate boardrooms. it's going to be a rough two months for the u.s. economy. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity as they struggle to rebuild. a 77-year-old man has died of injuries from a fall as sandy hit new york, bringing the city's d
boehner and the president were close to a deal last year. the so called grand bargain, $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and the government that has grown massively, not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags...
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Nov 13, 2012
11/12
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speaker of the house john boehner is arguing for eliminating tax loopholes instead. the fiscal is just one of many challenges facing congress including the aftermath of super-storm sandy. if you're planning to travel over thanksgiving, you'll have lots of company. triple-a projects more than 43 million americans will travel at least 50 miles over the holiday. that's up slightly from last year. nine out of ten holiday travelers will hit the roads and they'll find gas prices slightly lower than last year. more than three million people plan to travel by air others will take trains and buses for their holiday trips. the thanksgiving holiday period extends from wednesday, november 21st, through sunday the 25th. just ahead. the states with the most cooking related fire-claims around the holidays and where illinois ranks. and, still to come this midday the money being wasted at air traffic control towers. where some employees are basically being paid to keep each other awake. tand later in lunchbreak: expert tips o that was me... the day i learned i had to start insulin fo
speaker of the house john boehner is arguing for eliminating tax loopholes instead. the fiscal is just one of many challenges facing congress including the aftermath of super-storm sandy. if you're planning to travel over thanksgiving, you'll have lots of company. triple-a projects more than 43 million americans will travel at least 50 miles over the holiday. that's up slightly from last year. nine out of ten holiday travelers will hit the roads and they'll find gas prices slightly lower than...
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Nov 10, 2012
11/12
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that's the president, and that's speaker boehner. and what i think is best for all of us to do is to talk about those areas of commonality, to tremendously support these negotiations, because when you look at the time frame, alex, the only way we're going to get to a solution by year end is if the president and speaker boehner come to an agreement, because i believe anything they agree to is something that will pass the senate. so it's really the house, and the president. and it's time for both of them to step up and show the kind of leadership this nation needs to solve that problem. >> how about this? first of all, do you believe we will come to a resolution by the end of this year? and as you know, speaker boehner supports a stopgap measure that would at least buy time until january when the new congress could take up these bigger ticket items? >> yeah. >> i know that their suggestion is kicking the can down the road. but do you support a two-step process? >> i don't. look, alex. we all know what the issues are. we've had two dry
that's the president, and that's speaker boehner. and what i think is best for all of us to do is to talk about those areas of commonality, to tremendously support these negotiations, because when you look at the time frame, alex, the only way we're going to get to a solution by year end is if the president and speaker boehner come to an agreement, because i believe anything they agree to is something that will pass the senate. so it's really the house, and the president. and it's time for both...
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Nov 12, 2012
11/12
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 12, 2012
11/12
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MSNBC
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boehner and the president were close to a deal last year. the so-called grand bargain, 4 trillion in debt reduction. many think that blueprint still works. >> and the real problem is, uncriminaled entitlement spending and a government that has grown massively. not just under this administration. >> reporter: experts warn of serious damage to the economy, if the standoff drags on. >> three or four weeks from now, they're making no progress at all, you're going to see the anxiety and the nervousness growing in the markets and the corporate board rooms. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity, as they struggle to rebuild. a 77-year-old man has died of injuries from a fall, as sandy hit new york, bringing the city's death toll to 43. >>> homeland security janet napolitano met with disaster victims in new york. >>> and now, for a look at the national weather, we turn to bill karins
boehner and the president were close to a deal last year. the so-called grand bargain, 4 trillion in debt reduction. many think that blueprint still works. >> and the real problem is, uncriminaled entitlement spending and a government that has grown massively. not just under this administration. >> reporter: experts warn of serious damage to the economy, if the standoff drags on. >> three or four weeks from now, they're making no progress at all, you're going to see the...
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Nov 14, 2012
11/12
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KRCB
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speaker boehner is talking about closing loopholes. other republicans are saying maybe like they're prepared to look at revenue. what are... are there concrete examples there that have the makings of some kind of deal down the road? >> very little is ccrete at this point. but the movement from saying we don't want government to grow at all. the answer to this fiscal crisis is not to grow government to the position that you're hearing from leadership now which is, yes, we can have revenue. that's part of a broader deal that we're going to make. that's a substantial shift. that's not the same thing as the fight over tax rates, income tax rates. the president has said i will sign no deal that doesn't bring the income tax rates for the top earners back up to 96.5%. that's a slightly... there's a new nuance there that gives politicians wigg room over at the definition of revenue is, but there has been movement on that. there's been even more movement. you heard a prominent republican on the sunday shows, bill kristol a prominent conservativ
speaker boehner is talking about closing loopholes. other republicans are saying maybe like they're prepared to look at revenue. what are... are there concrete examples there that have the makings of some kind of deal down the road? >> very little is ccrete at this point. but the movement from saying we don't want government to grow at all. the answer to this fiscal crisis is not to grow government to the position that you're hearing from leadership now which is, yes, we can have revenue....
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Nov 12, 2012
11/12
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i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we hear
i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration....
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Dec 19, 2012
12/12
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boehner. that's why european markets have been trading higher the last two trading days because there is optimism that we will see a deal before the end of the year. >>> as always, why are you awake at this hour? shoot us an e-mail at waytooearly@msnbc. we'll read the best responses later in the show. >>> still ahead on "way too early," it only took 24 turnovers and 15 weeks, but jets coach rex ryan benching mark sanchez, but that doesn't mean tim tebow will start next sunday. that story and a check of weather when "way too early" comes back. >> i hereby deliver these two articles of impeachment. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bank
boehner. that's why european markets have been trading higher the last two trading days because there is optimism that we will see a deal before the end of the year. >>> as always, why are you awake at this hour? shoot us an e-mail at waytooearly@msnbc. we'll read the best responses later in the show. >>> still ahead on "way too early," it only took 24 turnovers and 15 weeks, but jets coach rex ryan benching mark sanchez, but that doesn't mean tim tebow will start...
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Nov 10, 2012
11/12
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MSNBC
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surer is right, john boehner would have cut a deal. but he couldn't, because at the end of the day, had he done so, his own house republicans would have risen up in mutiny. and he would have lost the speakership. whether mitch mcconnell and more adult members of the members the of the senator can put pressure on the house. if they can't change these fundamental dynamics we're headed in the same direction. >> i think mitch mcconnell is the problem because he's headed for re-election. but i think one of the interesting things that boehner said, is this your moment now, mr. president, now leave. that's both the reality and a little bit of trying to pass the buck. but it's the truth. it is going to be up to the president to go into the negotiations and to lead, and continue to listen and find areas where compromise can be built. it is on his shoulders. >> he has to lead publicly as well. >> yes. >> to sell it? >> he has to sell it. you know, there are a couple -- there aren't a lot of republicans i think that play in regards to public pres
surer is right, john boehner would have cut a deal. but he couldn't, because at the end of the day, had he done so, his own house republicans would have risen up in mutiny. and he would have lost the speakership. whether mitch mcconnell and more adult members of the members the of the senator can put pressure on the house. if they can't change these fundamental dynamics we're headed in the same direction. >> i think mitch mcconnell is the problem because he's headed for re-election. but i...
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Nov 12, 2012
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you have john boehner suggest that maybe he's going to be the leader. you can already see them sharpening their knives for him. it seems to me and then he'll be replaced by somebody else who will be in the same position, it just seems that anybody who will try to get into some position of being rational and talking straight is going to be undermined by his own party. >> victoria, you do have some moderate republicans increasingly calling out the conservative meet i can't establishment. listen to this for example. >> the conservative followship has been pleased, exploited and lied to. >> we have the media elite in a sense on the right, they're making millions of dollars talking about all the incendiary aspects where we need solutions. >> if i were a donor, my biggest problem would be that i was laid to. the conservative media establishment, they lied to the donors. they lied to the base. they lied to everybody about how romney was ahead. >> now, victoria, can these more moderate voices at least moderate compared to the tea party, can they gain traction a
you have john boehner suggest that maybe he's going to be the leader. you can already see them sharpening their knives for him. it seems to me and then he'll be replaced by somebody else who will be in the same position, it just seems that anybody who will try to get into some position of being rational and talking straight is going to be undermined by his own party. >> victoria, you do have some moderate republicans increasingly calling out the conservative meet i can't establishment....
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Nov 11, 2012
11/12
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WJLA
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. >> reporter: speaker boehner told his republican members they would have to avoid nasty fights and according to "the new york times," they seemed to listen. but those words don't change a bassic disagreement that could push the country off the fiscal cliff the 1st of january. that's when a number of tax cuts expire, meaning the average family will pay an extra $3,700 a year. and severe cuts to defense and government spending. the sticking point on avoiding that cliff? taxes. the president campaigned on and won on letting tax cuts for the rich expire. today, a leading republican said no. >> no republican will vote for higher tax rates. >> reporter: if that sounds a lot like the argue we already heard, you're right. and democrats appear embolden that rates for the rich rise. >> if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> reporter: the two sides have four more days to lay out their markers. on friday, congressional leaders come to the white house to start negotiations in ear
. >> reporter: speaker boehner told his republican members they would have to avoid nasty fights and according to "the new york times," they seemed to listen. but those words don't change a bassic disagreement that could push the country off the fiscal cliff the 1st of january. that's when a number of tax cuts expire, meaning the average family will pay an extra $3,700 a year. and severe cuts to defense and government spending. the sticking point on avoiding that cliff? taxes....
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Nov 9, 2012
11/12
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that is boehner's bottom line he can't move off of it. he has the get something real on spending. >> bret: that is what republicans never saw in hardcore, on papeer the last negotiations. >> house republicans are skeptical they'll see anything significant about it now or the short term. what is more likely is a short-term compromise and revisit broader tax reform, sometime down the line. they are trying to get out in front of what they see is inevitable. they want to avoid the tax rate that. they see is punitive. and so they are trying to get ahead of that. being open and signaling publicly, celebrateing they're open to additional revenues they come without increases in rates. i don't know if it will end up in a compromise but they will incyst on seeing more from the white house. >> the first back and forth, though, promising? >> it is. each side could have held ground and gone to negotiations without having concedeed anything. boehner has been speaking about revenues and obama has implying he could drop the rates issue to make it revenue
that is boehner's bottom line he can't move off of it. he has the get something real on spending. >> bret: that is what republicans never saw in hardcore, on papeer the last negotiations. >> house republicans are skeptical they'll see anything significant about it now or the short term. what is more likely is a short-term compromise and revisit broader tax reform, sometime down the line. they are trying to get out in front of what they see is inevitable. they want to avoid the tax...
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Nov 15, 2012
11/12
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i get it i will get my mind right because i'm not going to buddy breathe with john boehner. you never know when he goes from lee marvin to tammy and starts sobbing openly. i'm not going to be the last guy stuck with this. i get it the country has changed. i'm all reporting for duty, sir. >> bill: so now you are going to tell me that you, dennis miller, are now giving up and are going to get in lock step with the secular progressives? >> have you ever seen the movie invasion of the body snatchers. go dead eye so they don't get hassled? that's me, man. [ laughter ] i got my -- i got my own thoughts when i'm out on the sidewalk dodging the sea pods. you are going to see this look. all right? that's exactly what you are going to see. billy, you think is a glitch. i think is a sea change. i don't think this comes back during my lifetime. i do think it comes back in the same way an alcoholic who has a brush with mortality will eventually come back. somebody will have a stroke or somebody will almost croak from alcohol will poisoning fiscally but maybe then we pull it back. this th
i get it i will get my mind right because i'm not going to buddy breathe with john boehner. you never know when he goes from lee marvin to tammy and starts sobbing openly. i'm not going to be the last guy stuck with this. i get it the country has changed. i'm all reporting for duty, sir. >> bill: so now you are going to tell me that you, dennis miller, are now giving up and are going to get in lock step with the secular progressives? >> have you ever seen the movie invasion of the...
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Nov 12, 2012
11/12
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CNN
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boehner says he's open to that but not by raising the so-called tax rate. he's opened to that by eliminating tax loopholes and exemptions and generating tax revenue by an improved economy if the gdp goes up. people will be making more money, presumably, that's the theory. there's some maneuverability. i suspect the pressure is so great that they will get some kind of a deal. it may not be a permanent deal but maybe enough to kick the ball down the road and study major tax reform over the next year. >> and so the congressional budget office came out with a report last week that seems to give the republicans some political cover here because it suggests that there will be no big harm to the economy if the wealthy 1% are taxed at a higher rate. that said, i would assume -- and you'll have to weigh in here tha, that loopholes are still highly in play. >> you have to add up what all of the math shows and if you -- forget about the middle class. for wealthy people you say you can no longer deduct your home mortgage, your charitable contributions, some of your --
boehner says he's open to that but not by raising the so-called tax rate. he's opened to that by eliminating tax loopholes and exemptions and generating tax revenue by an improved economy if the gdp goes up. people will be making more money, presumably, that's the theory. there's some maneuverability. i suspect the pressure is so great that they will get some kind of a deal. it may not be a permanent deal but maybe enough to kick the ball down the road and study major tax reform over the next...
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Nov 17, 2012
11/12
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they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you cannot tax your way out of this debt, you cannot slash expenses and get out of this in debt. you have got to do both. >> somewhat gradually. >> the president seems to be offering a two-for-one deal -- for every $1 of tax increase, he will cut expenses by $2. simpson-bowles wanted a one-to-3 ratio. the republicans want zero. >> but they have the business community that does not want us to go for the cliff -- >> if you use a different language, are there republicans amenable to an increase in taxes -- >> use the word "revenue." >> nancy pelosi took the position, a good negotiating position, that it ought to be $1 million to hundred $50
they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you...